Beware: Tax Penalties & Fees

Let’s face it, companies can get overwhelmed with the day-to-day business functions and forget to complete tasks such as remitting payment for payroll taxes. These things happen and payments can be made late, but it is important to stay on top of your company’s taxes to ensure larger consequences do not arise. A recent article published…

Prepared for a disaster? Hurricane season is here.

Hurricane season has officially begun. The hazardous weather conditions will remain prevalent until November 30th. According to an interview with Federal Emergency Management Agency (FEMA), “Small businesses that don’t have a plan in place generally don’t survive after a disaster, whether it’s a flood or a tornado. We see that anywhere from 40-60 percent of those…

Paper Checks Extinct by 2026?

The first known payment by paper check occurred in the early eleventh century when an Iranian traveler visited the city of Basra and gave a merchant written instruction ordering his bank to make a payment from his account. While the U.S. economy continues to rely on checks as a form of payment , that reliance…

What Your Timekeeping is Missing

How do you track employee hours? Through emails to supervisors? Keeping track via the white board in the break room? Maintaining an Excel spreadsheet? These are all reasonable ways to monitor employee time, but are they the most efficient and reliable? Is your current method capable of showing where you’re overpaying for unnecessary labor, verifying…

Winter Storm Janus: Payroll Stopper?

According to The Weather Channel, the “nor’easter” is “poised to pack a massive punch in the Mid-Atlantic, Northeast and New England” today. Winter Storm Janus is forecasted to bring travel delays, school and federal government closings, power outages, and more. With these effects, businesses are impacted quickly and owners are left scrambling to carry on “business…

Workers’ Compensation- Is it working for you?

In 2012, there were over 12 work related deaths per day (US Department of Labor). This statistic shows the importance of a business not only protecting their best asset, human capital, but also their company’s resources.This is where workers’ compensation comes into play. Unless you’re one of the few employers, and I mean FEW, that…

5 Common Year End Mistakes Employers Can Avoid

It’s that time of year when employers are closing out the year and preparing for employees’ Forms W-2 (which I’ll reference as W-2s moving forward). Taking a proactive approach can help employers avoid these common mistakes in 2014. 1. Incorrect Wages One of the most common mistakes made around this time of year is the…